off-the-wire

Canada June factory sales most likely fell 2.6%, Statscan flash estimate shows

Kitco Media
By Reuters
Published:
Updated:
Reuters
Canada June factory sales most likely fell 2.6%, Statscan flash estimate shows teaser image

OTTAWA, July 24 (Reuters) - Canadian factory sales most likely fell 2.6% in June from May, largely due to the chemical product and transportation equipment subsectors, Statistics Canada said in a flash estimate on Wednesday.

The estimate was calculated based on a weighted response rate of 71.0%. The average weighted response rate for the survey over the previous 12 months has been 94.4%.

NOTE: All figures are seasonally adjusted.

Reporting by Dale Smith; Editing by Ismail Shakil

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.